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Godfrey Phillips India surges 53% in four days on strong Q1 results

The company reported consolidated net profit of Rs 119 crore in Q1FY20, against Rs 57 crore registered in the year- ago quarter on strong volume growth.

Stock brokers react to the movement share prices on BSE Sensex in Mumbai on January 23. Photo: Kamlesh Pednekar
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SI Reporter Mumbai
Shares of Godfrey Phillips India surged 9 per cent to Rs 1,088 apiece in the intra-day trade on Monday, rallying 53 per cent in past four trading days on the BSE after the company reported a more than double consolidated net profit at Rs 119 crore in April-June quarter (Q1FY20) on strong volume growth. The company, which is engaged in cigarettes and tobacco products business,  had posted a profit of Rs 57 crore in the year-ago quarter.

Operational revenue during the quarter grew 40 per cent to Rs 841 crore against Rs 602 crore in the corresponding quarter of